Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
21 April 2025 | Bitcoin

Bitcoin recovers amid weakening dollar

BTCEUR
BTCUSD
Bitcoin recovers amid weakening dollar

According to Bloomberg, bitcoin climbed to its highest price since Donald Trump's announcement of new import tariffs on April 2. The rebound came amid a decline in the dollar on renewed concerns about the US president's attempts to dismiss Federal Reserve (Fed) Chairman Jerome Powell.

The main cryptocurrency jumped about 3% to hit $87,600 on Monday morning trading in Asia, the news agency stated. Meanwhile, the dollar index reached its lowest level since January 2024 as a result of Friday's announcement by Kevin Hassett, director of the US National Economic Council, of Powell's likely dismissal.

Bitcoin's rebound happened alongside another spike in gold prices, Bloomberg reported. The yellow metal rose to a new record high, proving investors' growing demand for safe-haven assets.

Elena Berseneva MarketCheese

Recommended

European Union. Retail Sales (YoY). The value of the indicator has decreased from 1.6% to 0.6%
6 August
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.2% to -0.3%
6 August
European Union. PPI (YoY). The value of the indicator has decreased from 5.9% to 4.4%
5 August
European Union. PPI (MoM). The value of the indicator has decreased from 0.2% to -0.3%
5 August
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
29 July
Top news
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.2% to -0.3%
6 August
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
29 July
United States. Retail Sales (MoM). The value of the indicator has decreased from 1% to 0.2%
16 July
European Union. Trade Balance. The value of the indicator has decreased from -1.2B to -7.8B
16 July
Canada. BoC Interest Rate Decision. The value of the indicator remained at the same level of 2.25%
15 July
All news

Forecasts

S&P 500 buy
Period: 03.09.2026 Expectation: 95 pips
Invest in SPX up to $7,815
FA Other Indicators and reports Chart analysis Hot news
Today at 09:49 AM 23
Reed_Marcus
Gold buy
Period: 20.09.2026 Expectation: 400 pips
Buying gold amid dollar sell-off
FA Other Indicators and reports Chart analysis Hot news
Today at 09:49 AM 23
Sinclair_John
ETHUSD buy
Period: 27.08.2026 Expectation: 200 pips
Buy ETHUSD with $2,400 in sight after breaking out of consolidation
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Today at 09:26 AM 18
Lyra_Moonwell1
USDJPY sell
Period: 27.08.2026 Expectation: 1400 pips
Go short on USDJPY with 157.50 target as greenback loses ground
Technical analysis Indicators and reports Indicators Hot news Fundamental analysis
Today at 06:05 AM 24
Emily_Foster
EURUSD buy
Period: 31.08.2026 Expectation: 250 pips
Invest in EURUSD with 1.1610 target
FA Other TA Other
Yesterday at 12:10 PM 32
Bruce_Powers
Gold buy
Period: 31.08.2026 Expectation: 6000 pips
Invest in gold up to $4,410
FA Other TA Other
Yesterday at 12:10 PM 45
Bruce_Powers
Go to forecasts